PeerIQ Analyzes the Arcadia Receivables Credit Trust Securitization

The market has reported the first securitization of Lending Club prime loans, the Arcadia Receivables Credit Trust (ARCT 2017-1); the portfolio has been priced by Jefferies and is backed by $220 million of Lending Club prime loans as collateral; the loans come from Cirrix Capital’s marketplace lending fund which is overseen by Arcadia; the securitization has two tranches which have both received a rating from Kroll Bond Rating Agency; tranche A includes the majority of the loans with $176.9 million in collateral and a BBB rating; tranche B includes $36.75 million in loans with a BB- rating; PeerIQ provides further analysis on the portfolio and how it compares to other similar securitization deals.  Source